GAVALI 2: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GAVALI 2
Largest movements
- Cash +€74,021
up €74,021 (+82.2%), from €90,093 to €164,114
mainly Receivables within one year (+€63,131) and Net result for the year (+€47,816)
- Receivables within one year -€63,131
down €63,131 (-64.1%), from €98,524 to €35,393
of which Other amounts receivable: -€64,686
- Tangible fixed assets -€13,503
down €13,503 (-14.7%), from €91,592 to €78,090
of which Furniture and vehicles: -€7,635
- Stocks and contracts -€13,258
down €13,258 (-13.3%), from €99,503 to €86,244
- Trade debts -€55,037
down €55,037 (-39.9%), from €137,774 to €82,737
- Profit (loss) carried forward +€47,816
up €47,816, from -€7,386 to €40,430
- Debts after one year -€24,000
down €24,000 (-12.0%), from €200,000 to €176,000
- Tax, wage and social debts +€8,561
up €8,561 (+65.9%), from €12,986 to €21,547
of which Taxes: +€5,838
- Gross operating margin +€38,858
up €38,858 (+34.5%), from €112,701 to €151,559
- Financial charges -€12,791
down €12,791 (-62.0%), from €20,641 to €7,850
- Depreciation -€3,694
down €3,694 (-18.9%), from €19,563 to €15,869
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,457 | €383,697 | -€18,760 | -4.7% |
| Fixed assets | 21/28 | €114,337 | €97,946 | -€16,392 | -14.3% |
| Intangible fixed assets | 21 | €22,745 | €19,856 | -€2,889 | -12.7% |
| Tangible fixed assets | 22/27 | €91,592 | €78,090 | -€13,503 | -14.7% |
| Plant, machinery and equipment | 23 | €522 | €0 | -€522 | -100.0% |
| Furniture and vehicles | 24 | €48,933 | €41,298 | -€7,635 | -15.6% |
| Other tangible fixed assets | 26 | €42,137 | €36,791 | -€5,346 | -12.7% |
| Current assets | 29/58 | €288,120 | €285,751 | -€2,369 | -0.8% |
| Stocks and contracts in progress | 3 | €99,503 | €86,244 | -€13,258 | -13.3% |
| Stocks | 30/36 | €99,503 | €86,244 | -€13,258 | -13.3% |
| Amounts receivable within one year | 40/41 | €98,524 | €35,393 | -€63,131 | -64.1% |
| Trade receivables | 40 | €4,666 | €6,221 | +€1,555 | +33.3% |
| Other amounts receivable | 41 | €93,858 | €29,172 | -€64,686 | -68.9% |
| Cash at bank and in hand | 54/58 | €90,093 | €164,114 | +€74,021 | +82.2% |
| Total equity and liabilities | 10/49 | €402,457 | €383,697 | -€18,760 | -4.7% |
| Equity | 10/15 | €22,614 | €70,430 | +€47,816 | +211.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,386 | €40,430 | +€47,816 | |
| Amounts payable | 17/49 | €379,843 | €313,266 | -€66,577 | -17.5% |
| Amounts payable after more than one year | 17 | €200,000 | €176,000 | -€24,000 | -12.0% |
| Financial debts | 170/4 | €200,000 | €176,000 | -€24,000 | -12.0% |
| Amounts payable within one year | 42/48 | €175,293 | €128,816 | -€46,477 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €137,774 | €82,737 | -€55,037 | -39.9% |
| Suppliers | 440/4 | €137,774 | €82,737 | -€55,037 | -39.9% |
| Taxes, remuneration and social security | 45 | €12,986 | €21,547 | +€8,561 | +65.9% |
| Taxes | 450/3 | €8,026 | €13,864 | +€5,838 | +72.7% |
| Remuneration and social security | 454/9 | €4,960 | €7,683 | +€2,723 | +54.9% |
| Other amounts payable | 47/48 | €533 | €533 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,550 | €8,450 | +€3,900 | +85.7% |
| Remuneration, social security and pensions | 62 | €79,884 | €78,551 | -€1,333 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,563 | €15,869 | -€3,694 | -18.9% |
| Other operating charges | 640/8 | €0 | €1,472 | +€1,472 | |
| Gross operating margin | 9900 | €112,701 | €151,559 | +€38,858 | +34.5% |
| Operating profit (loss) | 9901 | €13,255 | €55,666 | +€42,412 | +320.0% |
| Financial charges | 65/66B | €20,641 | €7,850 | -€12,791 | -62.0% |
| Recurring financial charges | 65 | €20,641 | €7,850 | -€12,791 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,386 | €47,816 | +€55,202 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€7,386 | €47,816 | +€55,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,386 | €47,816 | +€55,202 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.